The firm aims to launch its sixth credit fund by June, tapping wealthy individuals and institutional investors amid a slowing global private credit market.
360 ONE Asset Management plans to raise up to $500m for its latest private credit fund, with a potential launch as early as June. The fund will focus on mid-sized companies and special situations, including acquisition financing and refinancing, targeting domestic and overseas investors.
The fundraising effort follows a broader slowdown in the $1.8 trillion global private credit market, driven by concerns over loan quality and AI-related risks. However, India has seen steady activity, with recent fund launches by Lighthouse Canton and InCred Alternative Investments. 360 ONE Asset previously closed its fifth fund at $400m in March.
The firm’s alternatives business, covering private credit, real estate, and private equity, grew 23% to $60bn at the end of the financial year 2026.